ABSTRACT
Renong was the largest industrial conglomerate in Malaysia. Its growth and global initiatives were dictated and shaped by privatization programmes in Asia, South Africa and the United Kingdom. It expanded through links with the state, was funded by tapping into stock markets and through project finance from the World Bank and IMF, and made the transition into capitaland R&D-intensive industries by acquiring appropriate firms and jointventure partners. All this transformed it from a lapsed mining company into a multinational within a decade from the mid-1980s.
